BONDS, CURRENCIES & COMMODITIES


IANS 09 December 2022
Minister for Road Transport and Highways Nitin Gadkari announced on Thursday that the country's first-ever Surety Bond insurance product would be launched on December 19.   Gadkari announced this while addressing the CII's Global Economic Summit, adding that the product will be of...

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TruthInAdvertising.org 06 December 2022
Before its much publicized collapse, FTX was the Tom Brady of cryptocurrency exchanges, widely regarded as one of “the most nimble and best-run crypto companies,” the New York Times reported in early November.   It helped that the crypto exchange had the six-time Super Bowl champion...

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Since the middle of last week, the spectacular bonfire of FTX, a crypto exchange, has kept us enthralled. FTX, which was valued at US$32bn (billion) a few months ago and funded by the finest names of the global financial markets such as Sequoia, Temasek, Ontario Teachers’ Pension Plan,...

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IANS 23 November 2022
Sam Bankman-Fried (SBF), founder of bankrupt crypto exchange FTX and trading house Alameda Research, 'froze up in the face of pressure' as his company collapsed, bringing its collateral down to US$8bn (billion) from US$60bn.   In a letter to FTX employees, accessed by CoinDesk, the...

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Moneylife Digital Team 19 November 2022
When the US$32bn (billion) crypto exchange FTX filed for chapter 11 bankruptcy in the US, inviting investigations by regulatory authorities and the justice department, the entire crypto world was plunged into a panic. FTX and its associate, the trading firm Alameda Research, both founded by...

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Moneylife Digital Team 15 November 2022
Beleaguered Japanese investment firm SoftBank has reportedly written off about US$100mn (million) it invested as part of its Vision Fund 2 in now bankrupt crypto exchange FTX.   According to MarketWatch, the investment is now marked down to zero with SoftBank saying "it would not face...

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IANS 14 November 2022
Hong Kong-based crypto exchange AAX has suspended withdrawals, citing the "failure of our third-party partner", which caused some users' balance data to be improperly recorded while scheduling a system upgrade.   "Limiting our services to prevent further risks, the technical team has...

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IANS 10 November 2022
World's largest crypto exchange Binance on Thursday took a U-turn on acquiring its rival FTX, saying it was backing out of the deal after reviewing the company's finances, leading to further fall in major cryptocurrencies.   Binance on Tuesday signed a non-binding, letter of intent to...

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Sebastian Rotella  and   Kirsten Berg (ProPublica) 12 October 2022
This story was originally published by ProPublica.   Xizhi Li pioneered a new method that enriched Latin American drug lords and China’s elite. A Drug Enforcement Administration (DEA) investigation found the Chinese government may have been involved.   In 2017, DEA agents...

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IANS 11 October 2022
CNN has surprisingly shut down its crypto and Web 3.0 project called 'Vault' where the company aimed to sell non-fungible tokens (NFTs) of news stories.   The shocked users accused CNN of a "rug pull", a term used when crypto developers abandon a project and run away with investors'...

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Moneylife Digital Team 07 October 2022
The Reserve Bank of India (RBI) on Friday released a concept note on central bank digital currency (CBDC) for the country. CBDC can be classified into two broad types, general purpose or retail (CBDC-R) and wholesale (CBDC-W), and RBI would soon start pilot launches of e-rupee for specific...

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IANS 07 October 2022
The skyrocketing of the US dollar against various currencies in 2022 is posing problems for advanced and emerging markets, but there is no easy option available, said S&P Global Ratings.   According to the report, the resolution of the issue is not just dependent on economics but also...

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IANS 06 October 2022
More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed.   Bitcoin is the blue chip of cryptocurrency and represents 40 per cent of the total crypto assets outstanding in...

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Moneylife Digital Team 28 September 2022
Even as the Indian rupee has depreciated, to trade at an all-time low of 81.93 against the US dollar after the surge in the dollar index on Wednesday, State Bank of India (SBI) feels that the Reserve Bank of India (RBI) should allow the domestic currency to depreciate a bit further and find...

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IANS 26 September 2022
Do Kwon, founder and CEO of Terraform Labs that wiped out investors' money worth $40 billion, is now wanted by Interpol which has issued a red notice for him.   South Korean prosecutors have requested Interpol's assistance to trace the whereabouts of Kwon, the wanted founder of...

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IANS 21 September 2022
Leading cryptocurrency market maker Wintermute has lost $160 million in a hacking into its decentralised finance (DeFi) operation, the company's CEO said on Tuesday.   In a tweet, company's founder and CEO Evgeny Gaevoy said that they have been hacked for about $160 million in their...

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Moneylife Digital Team 05 September 2022
Financial markets are being rocked by the shutdown of Russias Nord Stream 1 pipeline, as the energy squeeze on European economies intensifies as winter approaches.   The euro fell to a two-decade low during early trading on Monday morning, after Russian energy major Gazprom extended...

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IANS 29 August 2022
More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest crypto-currency nosedives again amid global economic turmoil.   According to a Forbes analysis of 157 crypto exchanges and trading platforms, more than half (51%) of all reported trading...

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IANS 22 August 2022
The additional tier-1 (AT-1) bond issuances are likely to fall sequentially to around Rs200 billion in FY22-23, from an all-time high of nearly Rs428 billion in FY21-22.   The issuances were higher in FY21-22 as most were driven by refinancing obligations of issue in...

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IANS 11 August 2022
More than half a billion dollars have been laundered in crypto assets originating from theft, fraud, ransomware and various other types of criminal activity since 2020, a new report has revealed.   The report by Blockchain analysis group Elliptic said one cross-chain bridge in...

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